Top German Dividend Stocks For October 2024
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As of October 2024, the German market has been influenced by escalating Middle East tensions and a cautious investor sentiment, leading to a decline in major indices such as the DAX. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income streams, particularly in uncertain economic climates.
Top 10 Dividend Stocks In Germany
| Name | Dividend Yield | Dividend Rating |
| Edel SE KGaA (XTRA:EDL) | 6.73% | ★★★★★★ |
| MLP (XTRA:MLP) | 5.01% | ★★★★★☆ |
| SAF-Holland (XTRA:SFQ) | 5.53% | ★★★★★☆ |
| OVB Holding (XTRA:O4B) | 4.71% | ★★★★★☆ |
| DATA MODUL Produktion und Vertrieb von elektronischen Systemen (XTRA:DAM) | 7.52% | ★★★★★☆ |
| Allianz (XTRA:ALV) | 4.70% | ★★★★★☆ |
| Uzin Utz (XTRA:UZU) | 3.33% | ★★★★★☆ |
| Mercedes-Benz Group (XTRA:MBG) | 9.30% | ★★★★★☆ |
| FRoSTA (DB:NLM) | 3.28% | ★★★★★☆ |
| MVV Energie (XTRA:MVV1) | 3.69% | ★★★★★☆ |
Click here to see the full list of 34 stocks from our Top German Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
SIMONA
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: SIMONA Aktiengesellschaft is a company that develops, manufactures, and markets semi-finished thermoplastics, pipes, fittings, and profiles globally with a market cap of €384 million.
Operations: SIMONA generates revenue of €578.85 million from its segments, which include semi-finished plastics, pipes, fittings, and finished parts.
Dividend Yield: 3%
SIMONA's dividend sustainability is supported by a low payout ratio of 35.7% and cash payout ratio of 35%, indicating dividends are well-covered by earnings and cash flows. However, its 3.01% yield is below the top quartile in Germany, and dividends have been volatile over the past decade despite some growth. Recent earnings show improvement with net income rising to €13.24 million for H1 2024, suggesting potential stability in future payouts.
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Click here to discover the nuances of SIMONA with our detailed analytical dividend report.
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Upon reviewing our latest valuation report, SIMONA's share price might be too pessimistic.
Heidelberg Materials
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Heidelberg Materials AG is a global producer and distributor of cement, aggregates, ready-mixed concrete, and asphalt with a market cap of €17.72 billion.
Operations: Heidelberg Materials AG generates revenue from its primary segments, including €10.90 billion from cement, €4.92 billion from aggregates, and €5.71 billion from ready-mixed concrete and asphalt.
Dividend Yield: 3%
Heidelberg Materials' dividend yield of 3.03% is below the top quartile in Germany, with a history of volatility over the past decade. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios at 29.6% and 27.2%, respectively. The company recently completed a €154.5 million share buyback, which might indicate confidence in its financial position despite a decline in half-year earnings to €574.3 million from €718.7 million last year.